Trivium Point Advisory LLC Has $209,000 Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Trivium Point Advisory LLC reduced its stake in Kinder Morgan by 70.2% in the second quarter, holding 7,117 shares worth approximately $209,000 at the end of the quarter.
• Insiders have sold a total of 128,008 shares of Kinder Morgan stock valued at about $3.55 million over the last three months, with significant sales from executives.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, yielding 4.1%, and reported $4.04 billion in revenue for the last quarter, surpassing expectations.

Trivium Point Advisory LLC trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 70.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,117 shares of the pipeline company's stock after selling 16,795 shares during the quarter. Trivium Point Advisory LLC's holdings in Kinder Morgan were worth $209,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC boosted its holdings in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares during the period. JNBA Financial Advisors boosted its holdings in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after purchasing an additional 870 shares during the period. Cranbrook Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock worth $31,000 after purchasing an additional 562 shares during the period. Grove Bank & Trust boosted its holdings in shares of Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company's stock worth $32,000 after purchasing an additional 1,078 shares during the period. Finally, Wolff Wiese Magana LLC acquired a new stake in shares of Kinder Morgan during the second quarter worth approximately $34,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock valued at $3,553,982 in the last three months. 12.73% of the stock is owned by insiders.

Kinder Morgan Trading Down 0.1%

Shares of KMI stock opened at $28.28 on Thursday. Kinder Morgan, Inc. has a 1 year low of $22.60 and a 1 year high of $31.48. The firm's fifty day simple moving average is $27.23 and its 200 day simple moving average is $27.46. The firm has a market capitalization of $62.85 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 3.32 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Kinder Morgan's revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. Kinder Morgan's payout ratio is 95.90%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.25.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

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